Tesla have been in discussion with Galaxy. They may also have been discussing with many others as well. Better not jump to conclusions. Panasonic have stated, if model y go into production, there will not be enough batteries. Then, there is pickup and semi.
There is currently not enough man power, time and chemicals to fill the battery orders.
The future is electric, the Norwegian wealth fund, largest in the world is moving away from fossil fuel.
https://mobile.abc.net.au/news/2019...-billions-in-coal-stakes/11205134?pfmredir=smWhere do you think they'll be investing?
There were massages in the AGM.
Like obtaining a converter that is sitting idle. Where is the money for that?
Why is a converter buying a stake in A40?
Why are the Arabs investing in LPD?
Why are there over 480 EV makers in China but only 4 have manufacturing license?
Why did LME not choose #Benchmark, they track actual contract prices?
Why are the conference calls made up of sellers in the stock?
Why is china investing in mines if price for chemicals are low? Chemical producers make small profit but the battery makers profits are high. Both are state controlled. China doesn't lose, the world miners do. Then they go shopping.
Galaxy have 400m but there is a tax component. The net cash is equal to 5 years of net production in a low price environment. If everything was mothballed, the interest would be enough for a maintenance skeleton staff. How many peers can afford that?
Why are more companies involved with converters if some are sitting idle?
The full picture is not being told. China bought many media outlets. Curious as to why?
How many existing autos can afford not to compete for chemicals and allow Tesla to send them broke? Tesla is already out selling.
The hundreds of billions already invested in EV infrastructure depend on chemicals and the mine producers. They will not be abandoned.
Those that short EV related companies are linked to $3.4 trillion industries facing fall in demand for their products. The horse breeders and farriers are fighting desperately.
There's an EV mustang by the way instead of ICE cough cough.
Why does A40 680/1080 matches with MRL?
ALB/ Tianqi cannot sell LCE below 14k from greenbushes and make a profit.
EVS are the only way china can enter European/ north American markets against the existing autos. The shorting is to obtain free cash to reinvest in the EV chain, push out retail investors.
Look at the actions of management not at what they say.
Not all spodumenes are equal. Not all chemicals are equal. There is technical carbonate at 99.5% and there is battery grade carbonate 99.5%. There is up to 2k$ cost to convert technical to battery grade.
